OCC: Annual Report on Operating Subsidiaries

ABA Contact: Cris Naser, 202-663-5332
Published: 69 Federal Register 15260 March 25, 2004
Final Rule: 69 Federal Register 64478 November 5, 2004
Comments Due: April 26, 2004
Disposition: Filed

OCC has issued a proposal to require national banks to provide an annual report on their operating subsidiaries. This proposal is in conjunction with OCC's recent revisions to its preemption and visitorial rules which took effect on April 1, 2004. The proposal would require national banks to provide the names and business lines of their operating subsidiaries that do business with the public so that consumers may know the proper regulator to address complaints to.

2004 Regulations Chart
Federal Register
Comment Letter